SalMars net profit of 386.9 million kroner in the fourth quarter last year to 290.1 million kroner in the fourth quarter of 2014.
High costs lice
The salmon louse is a challenge for Salmar and contributed to high costs in the fourth quarter. Affordable salmon and a slight crown allows the company still gets a strong result.
– The biological situation in Central Norway was challenging in the fourth quarter and has affected costs negatively. This applies in particular costs related to keeping the number of lice down on a Regulatory low level. In addition, after its own assessments chosen to kill fish earlier than planned due to high lice levels. This has resulted in lower average weight, higher production costs per. kg and lower realized prices, writes Salmar in its quarterly report.
The Group’s total operating income for 2015 totaled 7.362 million, compared to 7.185 million in 2014.
Satisfied with the result
the CEO of SalMar Leif Nordhammer, is pleased with results for the fourth quarter although costs related to sea lice affect the result.
The prevalence of lice is greatest at farms in central Norway.
– the situation for SalMar fish farming operations in Central Norway is still challenging. In Northern Norway there is a satisfactory biological situation, and with good operation, this contributed to a strong performance for the quarter, the company said.
– The operational challenges persisted in the fourth quarter, and costs associated with handling the biological situation affects earnings and operating efficiency negatively. Favorable prices measured in Norwegian kroner contributes to satisfactory results for the year as a whole, and the Board proposes a dividend of NOK 10 per share for 2015, says CEO of SalMar Leif Nordhammer.
Fourth quarter of last year slaughtered Salmar Group 38,100 tonnes of salmon, compared with 35 400 tonnes in the previous quarter and 41 700 tonnes in the fourth quarter of 2014.
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